Perk Labs Inc. (CNSX:PERK) signed a non-binding letter of intent to acquire Getit Technologies Inc. on December 19, 2022. Perk will change its name and rebrand as "GetIt Local". Ryan Hardy, the Chief Executive Officer of GetIt, will be appointed as Chief Executive Officer, President, or another position of senior management and Jonathan Hoyles will remain with the Company as inhouse legal counsel or another position of senior management.

Completing the Transaction on or before February 28, 2023. The transaction is subject to the completion of each company's due diligence to its sole satisfaction, the parties will negotiate and proceed to enter into a definitive agreement outlining the terms and structure of the transaction. The transaction remains subject to approval by the board of directors of each party, stock exchange and regulatory approval.

Patrick Power of James Edward Capital Corporation acted as financial advisor to both parties.